Investing.com - Retail sales in the euro zone fell more-than-expected in April, declining for the third consecutive month, official data showed on Wednesday.
In a report, Eurostat said retail sales fell by a seasonally adjusted 0.5% in April, compared to expectations for a 0.1% decline.
Retail sales for March were revised to a 0.2% decline from a previously reported 0.1% drop.
Year-over-year, retail sales in the euro zone dropped at an annualized rate of 1.1% in April from a year earlier, worse than expectations for a 0.8% decline, after falling 2.2% in March.
Following the release of the data, the euro was lower against the U.S. dollar, with EUR/USD easing down 0.16% to trade at 1.3059.
Meanwhile, European stock markets remained lower. The EURO STOXX 50 dipped 0.3%, France's CAC 40 shed 0.5%, Germany's DAX declined 0.3%, while London’s FTSE 100 slumped 0.6%.
In a report, Eurostat said retail sales fell by a seasonally adjusted 0.5% in April, compared to expectations for a 0.1% decline.
Retail sales for March were revised to a 0.2% decline from a previously reported 0.1% drop.
Year-over-year, retail sales in the euro zone dropped at an annualized rate of 1.1% in April from a year earlier, worse than expectations for a 0.8% decline, after falling 2.2% in March.
Following the release of the data, the euro was lower against the U.S. dollar, with EUR/USD easing down 0.16% to trade at 1.3059.
Meanwhile, European stock markets remained lower. The EURO STOXX 50 dipped 0.3%, France's CAC 40 shed 0.5%, Germany's DAX declined 0.3%, while London’s FTSE 100 slumped 0.6%.